Are you looking for a way to buy bitcoin with a credit card? Then look no further! CEX.IO lets you buy bitcoin with a credit or debit card, and your bitcoin will be available immediately.
Although UK based, CEX.IO works in the United States, Europe, and some countries in South America and Africa, including us in South Africa! The CEX.IO website allows you to buy bitcoin with any VISA/MasterCard, even Payoneer, PayPal Debit Card, and Entropay, using any currency. CEX.IO claims to provide the best experience of buying Bitcoins with payment cards on the market.
This is the complete tutorial from start to finish on how to buy bitcoin with a credit card. Once you have done the verification and added your card successfully, you will be able to buy bitcoin with your credit card instantly.
Established in 2013, CEX.IO is one of the oldest long running multi-functional cryptocurrency exchanges, and is trusted by over half million users. CEX.IO is a legal company with all necessary certificates, AML and KYC policies in place. CEX.IO is also one of the most reliable, having never experienced any hacks or thefts of customer funds.
Purchasing bitcoins with a credit card was once difficult
Credit card payments are reversible. Actually, merchants don’t receive the money from credit card payments until ~60 days after a card is swiped. Because Bitcoin transactions are irreversible, it’s risky for a merchant to sell bitcoins for CC payments. Companies have found new ways to prevent fraud and thankfully this has made it much easier to buy with a CC.
CEX.IO obtained a PCI DSS certificate that shows that the exchange shows required level of security due diligence for storage, processing and transmission of payment card data.
It is because of this reason that you need to follow the correct steps in order to buy bitcoins with a credit card.CEX.IO have made it relatively simple to follow the steps to verify your identity, as well as the card you wish to use when buying bitcoin.
Steps to buy bitcoin with a credit card in South Africa
- Step 1: Registration
- Step 2: Add your card
- Step 3: Funding your account with your credit card
- Step 4: Instantly buying bitcoin
- Bonus: Earn money by referring other users!
Are you ready to get started? Then lets begin!
Most exchanges want you to deposit at least R250 to your account, once your account is funded, you can buy even R100 worth if you want.
You still deposit by credit card to fund the account, then you can use the exchange. The other method you are charged a USD set price for some bitcoin at a premium.
Is it possible for someone in Australia to join and deposit funds to buy BTC?
As far as I know it is possible yes